Kadena Announces Free Blockchain-as-a-Service, ScalableBFT, on AWS Marketplace

Kadena, a company spun out of JP Morgan, announced its private blockchain platform availability on AWS marketplace.

Brief about Kadena's Blockchain Platform

Kadena Blockchain for Enterprise (ScalableBFT: Community Edition) is free to use and supports up to four nodes and 2,000 transactions per second. The community edition supports secure channels, trustless escrows, pluggable encryption, contract governance, and automatic bug detection via formal verification. Users requiring transaction speeds of 8,000 TPS (transactions per second) and hundreds of nodes, can avail license to the full version of Kadena's enterprise blockchain software. Kadena's platform uses its own open source and simple smart contract language, called Pact, which easy to comprehend to auditors, developers, and executives.

Executive Opinion

Co-founder of Kadena, Stuart Popejoy, said, "We're pleased to work with AWS to help businesses scale efficiently and effectively as smart contract adoption grows. With blockchain technology adoption increasing across many industries, from the government to healthcare to insurance, businesses need the right tools to address security and scalability. AWS Marketplace is the perfect place to share our technology widely."

Founder & CEO of Alteum, a Latin American technology organization developing digital ledger tech for enterprises, governments, and financial institutions in the region, Victor F. Navarro, said, "We're excited to work with Kadena to create blockchain-based solutions in Latin America.We believe blockchain enables much-needed transparency and financial inclusion that contributes to the overall betterment of our society, and we're proud to have the support of the Kadena blockchain platform."

The Cloud Way

The total global blockchain market is expected to reach $60 billion by 2024 according to the report and Kadena wants to be in forefront of this blockchain market. With Kadena's ScalableBFT on AWS marketplace, enterprises can leverage Blockchain-as-a-Service model and provision blockchain services at a very low cost and minimum time to market as compared to on-premise installation of other blockchain solutions today.

According to the announcement, "Kadena's platform is already used by several Fortune 500 companies to improve operational efficiencies and data management in the sectors of healthcare and commercial insurance. Kadena is also developing solutions in wealth and asset management, energy, and construction."

In 2018, Kadena raised USD $12M in venture funding.